Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Hormel Foods Corp (NYSE: HRL) fell significantly during the last several trading days. HRL's current Value Trend Rating is F and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Hormel Foods Corp (NYSE: HRL) stock enjoyed a large increase of 2.4% on 12/1/23. The stock closed at $31.32. However, trading volume in this advance was below average at 82% of normal. The stock has been weak relative to the market over the last nine months and has declined -3.9% during the last week.
Current PriceTarget Research Rating
HRL is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Hormel Foods has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR's two proprietary measures of a stock's attractiveness. Hormel Foods has a poor Power Rating of 29 and a poor Appreciation Score of 27, resulting in the Lowest Value Trend Rating.